India, May 2 -- Asian stocks advanced on Friday after China said it is evaluating the possibility of trade talks with the United States, raising hopes of trade war de-escalation. Regional trading volumes were muted as mainland Chinese markets remained closed for Labour Day.
The dollar dipped ahead of U.S. payrolls data, while gold recovered from a two-week low but was set for a weekly drop. Oil ticked higher after a fresh threat of U.S. sanctions against Iranian exports.
Hong Kong's Hang Seng Index rallied 1.7 percent to 22,504.68, with tech and EV stocks leading the surge fueled by speculation of a U.S.-China trade deal.
Japanese markets rose sharply, with exporters rising on a weaker yen after the Bank of Japan trimmed its growth and i...